RAK FTZ eyes tie-ups with Jordan firms

Ras Al Khaimah, March 28, 2012

Ras Al Khaimah Free Trade Zone (RAK FTZ), one of the fastest-growing free trade zones in the UAE, is conducting a three-day road show Jordan, aiming to tap investment in the free trade zone.

The road show is being held at Amman InterContinental Hotel from March 27 to 29.

The RAK FTZ team, headed by Hala Al Zaabi, director of Sales, held presentations informing potential investors about the salient advantages of setting up business at RAK FTZ.

Many interactive consultative meetings were also held with them in Jordan.The mission also informed Jordanian businessmen, investors and entrepreneurs about the unique products and services on offer at RAK FTZ.

Special investment options were unravelled during the road show, which included information on promotional packages such as Flexi Office, Executive Office and Standard Office with set-up costs ranging from $5,000 to $10,000.

Oussama El Omari, CEO of RAK FTZ, said: “In line with our commitment to pro-investment policies supporting free trade and the entrepreneurial spirit, we are currently organising this road show in Jordan.”

“The country is in the midst of unprecedented growth and we aim to tap into the huge potential of partnership with RAK FTZ. As the most preferred business hub in the entire Middle East, we offer tremendous opportunities for Jordanian companies across various business, trade and industry sectors.”

He added: “This road show will go a long way in identifying potential partnerships in the short run. We have seen tremendous results from our previous road show in December 2011, in the form of a lot of new registrations. In fact, in 2011, we had a huge spurt in new Jordanian companies joining RAK FTZ – 46 in total. We are confident that this road show will help attract more companies from Jordan to RAK FTZ.”

Currently, a total of 195 companies from Jordan operate at RAK FTZ, a vast majority of them operating with commercial, general trading and consultancy licences.

The road show assumes added significance given the huge potential for cooperation between the two countries. The UAE and Jordanian governments have already inked a free trade agreement as well as a double taxation agreement.

In 2010, total trade between the UAE and Jordan was reported to be over $700 million. – TradeArabia News Service